Navigate Easier Export Processes with Specialized Export Experts
In a bid to make exporting safer, easier, and more accessible for businesses, an unspecified entity has launched the Direct Express Select program. This government-backed invoice insurance program is designed to support underserved businesses, particularly small ones, in their international trade endeavours.
The Direct Express Select program offers a range of benefits to participating businesses. It provides up to 95% coverage on export invoices with no deductible, application, or policy fees. This financial backing not only reduces the risk of non-payment from international buyers but also helps improve cash flow and expands borrowing base by turning insured invoices into collateral, potentially aiding in borrowing.
The program operates on a pay-as-you-ship model, adding flexibility while reducing financial risk. It offers step-by-step support from export experts, ensuring businesses have the guidance they need to navigate the complexities of international trade. The sponsor of the program also provides a comprehensive guide for understanding its operations, which can be downloaded for more information.
For personalized support, small businesses can turn to dedicated trade advisors or counselors, educational resources on export compliance and risk management, and access to trade finance and insurance products backed by government guarantees. These resources are typically offered by government agencies or associated trade organizations.
Workshops, webinars, and networking opportunities for exporters are also available, providing valuable opportunities to learn and connect with other businesses in similar situations. For specific information about the Direct Express Select program and personalized support options, it is recommended to consult the official program website, relevant government trade departments such as the U.S. Small Business Administration or the Export-Import Bank, or local small business development centers.
It is worth noting that the sponsor of the Direct Express Select program does not disclose any new features or improvements to the program, nor any changes to the program's coverage, flexibility, or financial benefits, eligibility criteria, application process, or any new partnerships or collaborations.
The Direct Express Select program is a valuable resource for small businesses looking to venture into international trade. By providing financial backing and personalized support, it encourages export activity and access to foreign markets, making international trade easier for small businesses.
The Direct Express Select program, a beneficial resource for small businesses, extends financial support by offering up to 95% coverage on export invoices, reducing the risk of non-payment from international buyers and aiding cash flow. This program also helps expand borrowing capacity by turning insured invoices into collateral, potentially making it easier for small businesses to secure loans. Furthermore, the program offers personalized guidance from export experts, ensuring that small businesses have the resources needed to navigate global trade successfully.
